Seeking Alpha

Samsung faces gloomy second quarter

  • Execs at Samsung (SSNLF) are not expecting great results this quarter, after announcing that company performance has been declining. Shares have fallen 8.5% so far this month, after a string of downgrades in earnings forecasts.
  • “It doesn’t look too good,” says CFO Lee Sang-hoon, in reference to second quarter results.
  • The company is scheduled to report its second-quarter earnings estimates in early July.
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